Definitive Analysis
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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Community West Bancshares (CWBC)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$59.48 - $336.04$108.68
Multi-Stage$35.31 - $38.61$36.93
Blended Fair Value$72.80
Current Price$20.84
Upside249.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.23%14.16%0.430.300.300.300.290.300.220.160.140.10
YoY Growth--45.48%0.34%-2.07%4.10%-4.74%35.95%41.86%10.87%37.19%-9.63%
Dividend Yield--2.34%1.49%2.34%2.16%2.26%5.01%2.23%1.39%1.40%1.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)33.89
(-) Cash Dividends Paid (M)9.11
(=) Cash Retained (M)24.78
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.784.242.54
Cash Retained (M)24.7824.7824.78
(-) Cash Required (M)-6.78-4.24-2.54
(=) Excess Retained (M)18.0020.5422.24
(/) Shares Outstanding (M)19.0319.0319.03
(=) Excess Retained per Share0.951.081.17
LTM Dividend per Share0.480.480.48
(+) Excess Retained per Share0.951.081.17
(=) Adjusted Dividend1.421.561.65
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate5.50%6.50%7.50%
Fair Value$59.48$108.68$336.04
Upside / Downside185.40%421.48%1,512.49%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)33.8936.1038.4440.9443.6046.4447.83
Payout Ratio26.89%39.51%52.13%64.76%77.38%90.00%92.50%
Projected Dividends (M)9.1114.2620.0426.5133.7441.7944.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)13.0813.2013.33
Year 2 PV (M)16.8517.1717.50
Year 3 PV (M)20.4421.0321.63
Year 4 PV (M)23.8624.7725.72
Year 5 PV (M)27.1028.4129.77
PV of Terminal Value (M)570.67598.24626.86
Equity Value (M)672.00702.83734.79
Shares Outstanding (M)19.0319.0319.03
Fair Value$35.31$36.93$38.61
Upside / Downside69.42%77.19%85.25%

High-Yield Dividend Screener

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